Question

write three example visible trade and invisible trade

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Answer 1

Answer:

Visible trade involves trading of goods which can be touched and weighed. Examples include trade in goods such as Oil, machinery, food, clothes etc. Visible exports: Selling of tangible goods which can be touched and weighed to other countries

invisible trade is an international transaction that does not include an exchange of tangible goods. Customer service outsourcing, overseas banking transactions, and the medical tourism industry all are examples of invisible trade.

Explanation:

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Answer 2

What Is Invisible Trade?

An invisible trade is an international transaction that does not include an exchange of tangible goods. Customer service outsourcing, overseas banking transactions, and the medical tourism industry all are examples of invisible trade. In fact, any transaction that is associated with a value but not with physical goods could be called an invisible trade.

In modern times, any accounting of a nation's balance of trade must include a calculation of its invisible trade. This is often referred to as the invisible balance.

KEY TAKEAWAYS

Invisible trade, or the exchange of non-tangible goods, represents an increasing percentage of the world's business.

Global financial services and insurance companies, shipping services, and tourism all engage in invisible trade.

Medical tourism is one of the modern businesses that has emerged in invisible trade.